Lending

Agents’ Top Lending Questions Answered

When it comes to lending, the rules seem to change weekly. To help keep you in the know, it’s wise to seek the expertise of lending professionals like the ones featured in this story, who opened up to us

3 Must-Dos When It Comes to New Construction Loans

Top-producing agents differentiate themselves by providing their developers consulting advice prior to the construction phase. Agents provide crucial information that can ensure the development meets all lender guidelines, so that sales can close once construction is complete. Here are

New Bill to Streamline Short Sales

A new bill introduced earlier this week aims to change long lender delays with short

Fannie and Freddie to Suspend Foreclosure Evictions for the Holidays

Freddie Mac and Fannie Mae, the two government-controlled mortgage entities, have announced that they will freeze all foreclosure evictions on mortgage loans they own or back from Dec. 20, 2010 through Jan.3, 2011. “If the property is occupied, our

Mortgage Purchase Applications Increase in Latest MBA Survey

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending November 19, 2010.  The Market Composite Index, a measure of mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one

Consumer Mortgage Bureau Announces New Designation Programs

The Consumer Mortgage Bureau has developed two new designation programs to define the Mortgage Industry in the wake of the S.A.F.E. Mortgage Licensing Act of 2008: the Registered Mortgage Professional (RMP) and the Licensed Mortgage Professional (LMP). On July

Don’t Forget About Our Veterans – And VA Loans!

Veterans Day is an annual U.S. holiday for honoring our military veterans. The federal holiday is observed on Nov. 11 every year, and is also known as Armistice Day or Remembrance day throughout the world. The date is significant,

Foreclosure Defense Group Gives Homeowners Legal Muscle to Keep Their Homes

Financially challenged homeowners who are at risk of losing their homes can now rely on The Foreclosure Defense Group (FDG), a Rosemont, Ill.-based firm that matches clients to attorneys who can fight lenders in court and work to completely

Mortgage Applications Decrease in Latest MBA Weekly Survey

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 15, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 10.5 percent on a seasonally adjusted basis from

Jeff Baker, VP of Mortgage Lending, Guaranteed Rate

For this issue’s Ask a Lender, Jeff Baker, a vice president of mortgage lending with Guaranteed Rate, answers questions posed by Chicagoland Realtors. In today’s world, rules and regulations have proliferated through the mortgage lending industry. The last couple

New Subscribe